Fenner plc (FENR) Stock Rating Upgraded by FinnCap

Fenner plc (LON:FENR) was upgraded by equities researchers at FinnCap to a “buy” rating in a research report issued on Wednesday. The firm presently has a GBX 300 ($3.75) target price on the stock. FinnCap’s price objective would indicate a potential upside of 18.23% from the company’s previous close.

Other equities analysts have also issued reports about the company. Numis Securities Ltd lowered Fenner plc to an “add” rating and set a GBX 300 ($3.75) price target on the stock. in a research note on Thursday, November 17th. Peel Hunt restated an “add” rating and set a GBX 260 ($3.25) price target on shares of Fenner plc in a research note on Friday, November 18th. Jefferies Group boosted their price target on Fenner plc from GBX 181 ($2.26) to GBX 205 ($2.56) and gave the company a “buy” rating in a research note on Friday, September 9th. Citigroup Inc. restated a “buy” rating on shares of Fenner plc in a research note on Tuesday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on Fenner plc from GBX 167 ($2.09) to GBX 175 ($2.19) and gave the company an “underweight” rating in a research note on Thursday, November 17th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 169 ($2.11).

Shares of Fenner plc (LON:FENR) opened at 253.75 on Wednesday. The company’s market cap is GBX 491.99 million. Fenner plc has a 52 week low of GBX 95.25 and a 52 week high of GBX 267.00. The firm’s 50-day moving average price is GBX 226.95 and its 200 day moving average price is GBX 179.17.

The company also recently disclosed a dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, January 26th will be issued a dividend of GBX 2 ($0.02) per share. This is an increase from Fenner plc’s previous dividend of $1.00. The ex-dividend date is Thursday, January 26th. This represents a yield of 0.78%.

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Fenner plc Company Profile

Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber plywood, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.